Kayne Anderson Energy Funds PRIVATE EQUITY INVESTMENTS IN THE MIDCONTINENT DUG - MIDCONTINENT Danny Weingeist April 23, 2013 Confidential - Not For Distribution
Kayne Anderson ENERGY PRIVATE EQUITY TEAM Energy Funds TEAM LEADERSHIP Executive Leadership Danny Weingeist Bob Sinnott Managing Partner Managing Partner President/CEO of Kayne Anderson Chuck Yates Mike Heinz Partner…
Kayne Anderson KAYNE ANDERSON ENERGY FUNDS Energy Funds Investment strategy o Operator-focused investments in private oil and gas companies o Proven management teams experienced in 1-2 basins o Diversified portfolio, although…
Kayne Anderson KAEF PORTFOLIO COMPANIES ARE DEVELOPING Energy Funds RESOURCE PLAYS ACROSS THE U.S. Williston Basin Sagebrush II (KAEF IV & KAEF V) Kraken (KAEF V) Canyon Midstream (KAEF V & KAEF VI) Marcellus Shale Great Plains…
Kayne Anderson KAYNE ANDERSON TRACK RECORD Energy Funds AND CURRENT ACTIVITY IN THE MIDCONTINENT Track Record of Midcontinent Investments o 11 realized investments o 2.0x ROI on 300 million of investments (30% of total realized…
Kayne Anderson THE MIDCONTINENT PROVIDES Energy Funds NUMEROUS INVESTMENT OPPORTUNITIES Acquire & Exploit Lease & Drill Midcontinent provides opportunities to Midcontinent provides opportunities to lease acquire mature, long-life…
Kayne Anderson KAEF FOCUSES ON RESOURCE PLAYS WITH Energy Funds LOWER ENTRY COSTS 12,000 11,000 Wolfberry/Wolfcamp 10,000 Eagle Ford Bakken 9,000 Acreage Cost ( per Acre) 8,000 Utica 7,000 Barnett 6,000 Marcellus…
Kayne Anderson THE CAPITAL REQUIRED TO TEST SOME OF Energy Funds THE HOT RESOURCE PLAYS CAN BE PROHIBITIVELY EXPENSIVE Cumulative Cash 0 Lease 10,000 acres in Flow Cleveland Sands the Cleveland Sands for 1,000-2,000/acre…
Kayne Anderson MIDCONTINENT LEASE & DRILL OPPORTUNITIES Energy Funds FIT WELL WITH OUR RISK TOLERANCE CLEVELAND SANDS vs. EAGLE FORD SHALE (LIQUIDS RICH) Standard Lease and Drill Example Standard Lease and Drill Example Initial…
Kayne Anderson KAYNE ANDERSON TRACK RECORD Energy Funds AND CURRENT ACTIVITY IN THE MIDCONTINENT Actively looking for more Midcontinent teams: o Closed Kayne Anderson Energy Fund VI in December 2012 for 1.6 Billion in total…